Tim Cook is an American business executive and industrial engineer from Alabama. He is the Chief Executive Officer of Apple Inc. and had served as the company’s Chief Operating Officer previously under its founder Steve Jobs. Cook joined Apple as a senior vice president for worldwide operations in March 1998 and then became the Executive Vice President for worldwide sales and operations.
On August 24, 2011, Cook was made the company’s Chief Executive. This was before Jobs’ death in October of that year. As Apple’s CEO, he has championed for the political reformation of international and domestic surveillance, cybersecurity, corporate taxation, American manufacturing, and environmental preservation.
He became the first Chief Executive of a Fortune 500 company to publicly announce that he is gay in 2014. He is also on the boards of directors of companies like Nike, Inc., the National Football Foundation, and is a trustee of Duke University.
In March 2015, he said he intends to donate his entire stock fortune to charity. The University of Oxford published research and in it, Cook’s leadership style was characterized as being paradigmatic of founder centrism. This is explained as a founder’s mindset, an ethical disposition towards the shareholder collective, and an intense focus on exponential value creation.
Cook attended Robertsdale High School before joining Auburn University from where he graduated in 1982 with a Bachelor of Science (B.S.) in industrial engineering. In 1988, he got a Master of Business Administration (MBA) from Duke University’s Fuqua School of Business.
Post his graduation from Auburn University, Cook spent 12 years in IBM’s personal computer business. He ended up serving as the director of North American fulfillment. He later became the Chief Operating Officer of the computer reseller division of Intelligent Electronics before becoming the Vice President for Corporate Materials at Compaq for six months in 1997.
In 1982 Cook graduated from Auburn University he spent 12 years in IBM’s personal computer business, ultimately serving as the director of North American fulfillment. During this time cook also earned his MBA from Duke University, becoming a Fuqua Scholar in 1988. Tim, thereafter he worked at Intelligent Electronics, where he served as the Chief Operating Officer of the computer reseller division and in 1997 became the Vice President for Corporate Materials at Compaq for six months.
Tim Cook joined Apple Inc. in 1998 after Steve jobs asked him to join the company. In a commencement speech at Auburn University, Cook said he decided to join Apple the first time he met Jobs.
He started as the Senior Vice president for worldwide operations. He closed factories and warehouses, exchanging them with contract manufacturers. This led to a reduction in the company’s inventory from months to days. His group decided to invest in long-term deals such as advance investment in flash memory from 2005 onward as they predicted its importance. This assured there was a stable supply of what became a key iPod Nano, then iPhone and iPad component. Competitors at Hewlett-Packard, describing their canceled TouchPad tablet computer, later said that it was made from “cast-off reject iPad parts.”
Cook’s efforts were credited with keeping costs under control, combined with the company’s design and marketing savvy, generated huge profits. He was promoted to lead operations in January 2007 and in 2009 served as Chief Executive as Steve Jobs was away on a leave of absence for health-related issues.
In January 2011, Jobs requested a third medical leave of absence which was approved by Apple’s board of directors. This left Cook in charge of most of Apple’s day-to-day operations, while Jobs made most major decisions. On 24th August 2011, Tim Cook was named as Apple’s Chief Executive Officer after Jobs resigned as the CEO to become the chairman of the board. However, on October 5, 2011, six weeks later, Jobs passed on as a result of complications from pancreatic cancer.
Cook made his first major changes to the company’s executive team on October 29, 2012. These changes occurred after the third quarter of the fiscal year when revenues and profits grew less than predicted.
In May 2013, he said that his leadership at Apple focuses on people, strategy, and execution. Going on to explain, he said, “If you get those three right the world is a great place.” The incorporated company has also increased its donations to charity since Cook took over from Steve Jobs. In 2013, Lisa Jackson, formerly the head of the Environmental Protection Agency, was hired by Cook to assist Apple with the development of its renewable energy activities.
Tim was born as Timothy Donald Cook on 1st November 1960 in Mobile, Alabama, the U.S. He celebrates his birthday on November 1st every year.
Apple’s CEO was born into a family of three. He is among three sons of Donald Cook, a shipyard worker and Geraldine Cook, a pharmacy employee. His two siblings are brothers Gerald Cook and Michael Cook.
In early 2011, there were reports that Cook was gay although he opted to keep his life private. Hence, very little is known about his personal life. However, on October 30, 2014, he came out as gay and stated in an editorial for Bloomberg Business, “I’m proud to be gay, and I consider being gay among the greatest gifts God has given me.”
When asked about his decision to go public with his sexual orientation when he appeared on The Late Show with Stephen Colbert in September 2015, Cook responded by saying, Where he valued his privacy significantly, he felt that he was valuing it too far above what he could do for other people, so he wanted to tell everyone his truth.
He says he has been open about his sexual orientation and has sought to focus on Apple’s products and customers rather than his personal life. There is no record of his partner’s name nor whether there is one.
Here are some interesting facts you don’t want to miss about Cook.
Cook earned a salary of $3 million, in addition to $12 million in cash incentives based on Apple hitting certain goals. Other compensation included 401(k) contributions, life insurance payments and a vacation time buyout of $57,692
In 2017, Cook got a total of $12 million as his salary and bonus ($12,825,066 to be exact). $3,057,692 was his basic and $9,327,000 was non-equity incentives, which is essentially a cash bonus for top executives. He has an estimated net worth of is worth US$625 million.
Cook lives in a relatively modest home in Palo Alto, California. It is a 2,400-square-foot house with four bedrooms and boasts of a tiny yard and small adjunct section of real estate in the back. He bought the condo back in 2010 for $1.9 million. In Adam Lashinsky’s, February 14, 2012 book Inside Apple, “Cook comments on his living situation. He stated that he likes to be reminded of where he came from, and putting himself in modest surroundings helps him do. He continued to say that Money is not a motivator for him.
Cook’s email address is public: tcook@apple.com.He occasionally reads and replies to the emails sent to him just like his predecessor Steve Jobs. His phone number is +1 408 996 1010.
He has a faith background that dates back to his childhood days. He was baptized in a Baptist church at a young age and has a great reverence for religious freedom. He stated that faith has always been an important part of his life. He was never taught, nor do He believe, that religion should be used as an excuse to discriminate. He goes on to say, that he considers being gay among the greatest gifts God has given him. This was in October 2014 when he came out as gay.
The CEO of Apple Inc. has not written any books but recommends some books for one to read. One such book is:
Competing Against Time: How Time-Based Competition is Reshaping Global Markets, by George Stalk (2003).
Year | Award or Honor |
---|---|
2015 | Ripple of Change Award |
Fortune Magazine’s: World’s Greatest Leader | |
Alabama Academy of Honor: Inductee | |
Human Rights Campaign’s Visibility Award | |
2014 | Financial Times Person of the Year |
Cook has openly donated for several politicians’ beginning with former US president Barack Obama in his first White House election to Hillary Clinton’s presidential campaign in 2016. He has also expressed his dissatisfaction with the direction of Donald Trump’s administration, notably at the September 2017 Bloomberg’s Global Business Forum where he defended the DACA immigration program. Cook said that this is unacceptable. This is not who they are as a country. He is personally shocked that there is even a discussion of this.
To get more of Cook’s quotes, visit brainyquote.com.
Cook is an American business executive and industrial engineer from Alabama
Tim is 59 years old as of 2019.
Cook stands at a height of 1.9 m tall
On October 30, 2014, he came out as gay and stated in an editorial for Bloomberg Business, “I’m proud to be gay, and I consider being gay among the greatest gifts God has given me.”
He has an accomplished businessman with an estimated net worth of US$625 million.
Cook earned a salary of $3 million, along with $12 million in cash incentives based on Apple hitting certain goals. Other compensation included 401(k) contributions, life insurance payments and a vacation time buyout of $57,692
Cook lives in a relatively modest home in Palo Alto, California
Cook is still alive and in good health.
Cook is the chief executive officer of Apple Inc.
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